Gold edged lower on Friday, coming off the session highs after grazing key trendline resistances at $1323.00. Near term, the gains are likely to be capped at $1320.00- 1330.00, while on the downside, supports firmly placed at $1284.00- 1290.00. Trend remains bearish and a close below $1284.00, prices could slide sharply below the $1200.00 mark

Long:

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